The futures continued to take mincing, marginally tradable steps from one rally target to the next, most recently exceeding by a single point an 1885.25 Hidden Pivot I’d disseminated in the chat room Wednesday morning. This occurred in the final minutes of the session — too late to offer a comfortable shorting opportunity. The next rally target lies at 1889.75 (see inset), and although we’ve grown accustomed to seeing these numbers work fairly precisely, I’d be the first to concede that it is not always easy to catch a ride to them. This opportunity will probably appeal best to night owls, but if you plan to use ‘camouflage’ to get aboard, I’d suggest doing your hunting on the 1-minute chart rather than the 15-minute displayed. The bigger-picture target, to remind you, is 1933.25, implying that your trading bias should be bullish for now, even if you’re inclined to attempt scalping from the short side at minor rally targets.
